Preparing for Next Year’s Tax Season

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The Daily Ardmoreite

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Posted Dec. 10, 2012 at 1:00 PM

Posted Dec. 10, 2012 at 1:00 PM

OKLAHOMA CITY

Now is the time of year when people begin to think about peace, generosity‹and taxes? While it may seem to be much too early to worry about filing your tax return, the end of the year is a great time to get your records in order and take other steps that will minimize the hassles when tax time does roll around. It’s also often your last chance to take

advantage of deductions or other tax-saving opportunities for the year. The Oklahoma Society of Certified Public

Accountants provides this advice on getting a head start:

Get an update

There are some dramatic tax changes set to take place in 2013 if Congress does not act before the end of the year. In some cases, we may not know until very late which of these changes will occur. If you’re not sure what impact the tax uncertainty may have on your own taxes‹or on your small business, if you own one‹it’s a good idea to get informed about what’s on the horizon and what it may mean to you. Go to www.KnowWhatCounts.org and click on “Help for Taxpayers.”